Zillow Group, Inc. (NASDAQ:Z) CEO Spencer M. Rascoff sold 58,050 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $44.64, for a total transaction of $2,591,352.00. Following the completion of the transaction, the chief executive officer now directly owns 70,050 shares in the company, valued at approximately $3,127,032. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Zillow Group, Inc. (NASDAQ Z) opened at $44.70 on Friday. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a one year low of $32.56 and a one year high of $51.23.

Get Zillow Group alerts:

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.05 earnings per share for the quarter. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Elite Wealth Management Inc. bought a new position in Zillow Group in the fourth quarter valued at approximately $1,759,000. Lourd Capital LLC lifted its stake in Zillow Group by 98.6% in the fourth quarter. Lourd Capital LLC now owns 15,962 shares of the financial services provider’s stock valued at $653,000 after buying an additional 7,924 shares in the last quarter. SG Americas Securities LLC lifted its stake in Zillow Group by 148.6% in the fourth quarter. SG Americas Securities LLC now owns 8,312 shares of the financial services provider’s stock valued at $340,000 after buying an additional 4,968 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Zillow Group in the fourth quarter valued at approximately $294,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Zillow Group by 5.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 346,831 shares of the financial services provider’s stock valued at $14,193,000 after buying an additional 17,857 shares in the last quarter. 58.01% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on Z. Canaccord Genuity lifted their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Morgan Stanley raised shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Wednesday, January 10th. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a research note on Thursday, October 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Zillow Group presently has a consensus rating of “Buy” and a consensus price target of $48.81.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Zillow Group, Inc. (Z) CEO Sells 58,050 Shares of Stock” was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/insider-selling-zillow-group-inc-z-ceo-sells-58050-shares-of-stock-2/1839725.html.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.